I think that both have a place, I really like to enjoy audiobooks whilst driving but tend to settle down with a physical book (well Kindle paperwhite) at bedtime or to relax of an eve.
One issue I have with audiobooks is that if I don't like the 'readers' voice I just can't listen to it

OM

AREA 8

It is no measure of health to be well adjusted to a profoundly sick society.

My late grandmother was a voracious reader all her life.She never owned a tv.,so she was never distracted from her books.Sadly ,towards the end of her life she developed Macular Degeneration.The RNIB set her up with audio books,which she listened to,but never really liked as much as paper ( as she once told me).

I like to listen to plays on the radio ( which is little like an audio book),and as stonecarver pointed out,enables other activity. I have a Kindle too.You know what though? I still prefer a book made of paper! A Kindle download is never the same as getting a new book.

In three words I can sum up everything I have learned about life: It goes on.

A while ago I listened to a biography of Mao on audiobooks , something like six or seven cd's worth if I recall. Voiced by an American it was certainly useful for the pronunciations of the Chinese names although there wasn't an index where I could just look up a certain person if I was struggling to remember just who they were. They certainly have a place although I still favour paper books , if nothing else they don't need a functioning internet , power grid , charged batteries or whatever.

I mostly use audiobooks for commuting, which is around an hour a day total, so could get through an average length book in a couple of weeks at most. I like reading at lunch or in my free evenings during the week. If I do any travelling to visit family or friends (most weekends)I will usually read more than audiobook. I find that if I audibook too much I need to have a break from it, which is what i am going through currently.